Blue Ridge Capital L.l.c. Lowers stake in Tesla Motors Inc (TSLA)

Tesla Motors Inc (TSLA) : Blue Ridge Capital L.l.c. reduced its stake in Tesla Motors Inc by 15.69% during the most recent quarter end. The investment management company now holds a total of 161,237 shares of Tesla Motors Inc which is valued at $29,256,454 after selling 30,000 shares in Tesla Motors Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Tesla Motors Inc makes up approximately 0.36% of Blue Ridge Capital L.l.c.’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank reduced its stake in TSLA by selling 5,470 shares or 64.16% in the most recent quarter. The Hedge Fund company now holds 3,056 shares of TSLA which is valued at $554,511. Tesla Motors Inc makes up approx 0.12% of Amalgamated Bank’s portfolio.Joel Isaacson boosted its stake in TSLA in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 143 shares of Tesla Motors Inc which is valued at $28,935. Tesla Motors Inc makes up approx 0.01% of Joel Isaacson’s portfolio.California Public Employees Retirement System reduced its stake in TSLA by selling 15,900 shares or 4.93% in the most recent quarter. The Hedge Fund company now holds 306,400 shares of TSLA which is valued at $62,125,664. Tesla Motors Inc makes up approx 0.10% of California Public Employees Retirement System’s portfolio.

Tesla Motors Inc closed down -3.64 points or -1.93% at $185.02 with 52,10,347 shares getting traded on Monday. Post opening the session at $190.65, the shares hit an intraday low of $185 and an intraday high of $193 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Tesla Motors Inc reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.69 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.02. The company had revenue of $2298.40 million for the quarter, compared to analysts expectations of $2316.88 million. The company’s revenue was up 145.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.58 EPS.

Many Wall Street Analysts have commented on Tesla Motors Inc. Company shares were Reiterated by RBC Capital Mkts on Oct 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 220 from a previous price target of $210 .

Tesla Motors Inc. is a United States-based company which designs develops manufactures and sells electric vehicles electric vehicle powertrain components and stationary energy storage systems. The Company sells and produces a vehicle under the name Model S which is a fully electric four-door five-adult passenger sedan. In addition to developing its own vehicles it develops sells and services full electric powertrain systems and components to other automobile manufacturers. It also produces and sells stationary energy storage products for use in homes commercial sites and utilities. The applications for these battery systems include backup power peak demand reduction demand response and wholesale electric market services. It sells its vehicles through its own sales and service network. The Company also offers the Model X electric car Supercharger charging stations and Powerwall a home battery.

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